
	13 Weeks Ended				26 Weeks Ended

	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Net income (in thousands)	$	12,408	$	6,915	$	260	$	1,364
Weighted average shares outstanding—basic	49,792,130		49,784,463		49,790,125		49,784,463
Dilutive effect of stock options	3,156,167		1,488,719		2,260,898		1,463,434
Weighted average shares outstanding—diluted	52,948,297		51,273,182		52,051,023		51,247,897
Basic earnings per share	$	0.25	$	0.14	$	0.01	$	0.03
Diluted earnings per share	$	0.23	$	0.13	$	0.00	$	0.03

Time-based shares excluded from the computation of diluted earnings per share	27,706		37,848		45,328		35,276

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common stockholders by the sum of the weighted average number of common shares and dilutive potential common shares outstanding during the period.

The effect of the potential common shares from the exercise of the Company’s time-based stock options is included in diluted earnings per share under the treasury stock method as their effect is dilutive. The contingently issuable common shares from performance-based stock options and RSUs are excluded from diluted earnings per share as of June 28, 2025, because the Company determined that the performance and market conditions had not yet been satisfied. The contingently issuable common shares from performance-based RSUs are excluded from diluted earnings per share as of June 27, 2026, because the Company determined that the performance and market conditions had not yet been satisfied.

The following shares have been excluded from the computation of diluted earnings per share as their inclusion would have an anti-dilutive effect on earnings per share, or in the case of contingently issuable performance shares, conditions have not been satisfied:

•For the 13 weeks ended June 27, 2026 and June 28, 2025, the weighted-average outstanding time-based stock options to purchase 27,706 and 37,848 common shares, respectively. For the 26 weeks ended June 27, 2026 and June 28, 2025, the weighted-average outstanding time-based stock options to purchase 45,328 and 35,276 common shares, respectively.